Impulsivity and inconsistency in intertemporal choice have been attracting attention in econophysics and neuroeconomics. Although loss of self-control by substance abusers is strongly related to their inconsistency in intertemporal choice, researchers in neuroeconomics and psychopharmacology...

China’s Creative Industries explores the role of new technologies, globalization and higher levels of connectivity in re-defining relationships between ‘producers’ and ‘consumers’ in 21st century China. The evolution of new business models, the impact of state regulation, the rise of...

This paper revisits the welfare economics of fashion from the standpoint of evolutionary economics. Whilst accepting that fashion-focused consumption may have an element of status-seeking behaviour about it, which may be of questionable value in welfare terms, the paper emphasizes that fashion...

There is an increasing appreciation for the role that facilitating institutions play in successful innovation. Most commonly these institutions are discussed and analysed as innovation systems. National Innovation Systems were the first type identified, and a range of other forms of innovation...

The applicability of complex systems theory in economics is evaluated and compared with standard approaches to economic theorising based upon constrained optimisation. A complex system is defined in the economic context and differentiated from complex systems in physio-chemical and biological...

A methodology is offered which can be used to construct an econometric model in the presence of structural change of an evolutionary type. The theoretical basis for such modelling is drawn from the self-organisation approach and operationalised in the context of the logistic diffusion growth...

Learning processes are widely held to be the mechanism by which boundedly rational agents adapt to environmental changes. We argue that this same outcome might also be achieved by a different mechanism, namely specialisation and the division of knowledge, which we here extend to the consumer...

In this paper, it is argued that the espousal of biological analogies by evolutionary economists cannot reveal the most important features of evolutionary change in economic processes. Analogies are used to best effect in the preliminary stages of research and in their normal linguistic role as...

Building on recent work in economic geography, evolutionary economics, and international business, I examine how firms that enter from outside a region alter the knowledge and opportunity structure for potential entrepreneurial entrants and indigenous incumbents in that region. In particular, I...

The purpose of this project is to examine the benefits of basing economic analysisof accident law on the notion that individuals form a spontaneous order as they respondto the institution of tort law, each other, and their environment. Furthermore, I examinethe efficacy of agent-based modeling...